Insurance issues for multi-unit buildings

1.00 CPD Points
$89.00 +GST Retail
$74.00 +GST Learning Partner

Learn Module Detail

The Canterbury earthquakes damaged thousands of multi-unit buildings. Many of these insurance claims have been called “nightmares”, creating irreconcilable situations. This presentation draws on the experience of the Canterbury and the Kaikoura earthquakes to explain why it was difficult to resolve insurance claims for body corporates and cross-lease properties.

In this presentation you will learn about what makes a building a multi-unit building and whether a freehold property can be a multi-unit building; the major impediment in resolving multi-unit buildings insurance claims in Christchurch; how can a multi-unit building be repaired, and what this means for the homeowners and the insurance companies; the danger of underinsurance; freehold townhouses as an emerging problem; and proposals for a way forward.

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